Job Purpose Statement

Support reconciliation and financial monitoring activities for the Bank. The role involves ensuring the accuracy of General Ledger balances through daily and monthly reconciliations and resolving outstanding items. The officer will also assist in monitoring foreign exchange transactions, investments, fixed assets, and income accounts to support accurate financial reporting and internal control.

Key Responsibilities

Financial

• Ensure an accurate and timely month-end close process by reviewing balance sheet reconciliations, including nostro accounts, troubleshooting issues, and following up on outstanding items in nostro accounts and the Bank General Ledger.
• Conduct General ledger review to confirm data accuracy.
• Assist in processing financial transactions, including payments, ensuring accuracy, compliance, and timely execution.
• Prepare daily, monthly, quarterly, and annual financial reports, ensuring accuracy and completeness.
• Assist in budgeting and forecasting processes to support financial planning and decision-making.

Customer

• Manage stakeholder relationships by ensuring timely escalation and resolution of issues related to risk, exposure, and process optimization to enhance partner satisfaction.
• Co-ordinate with various stakeholders to ensure adherence to processes.
• Enhance internal customer self-service and build internal customer relationships.

Internal Business Process

• Ensure adherence to financial policies, procedures, and regulatory requirements in all reconciliation and payment processes.
• Maintain accurate and up-to-date financial records to support audits and internal controls.
• Assist in monitoring General Ledger (GL) accounts and reconciliation processes to enhance accuracy, improve efficiency, and reduce operational risks.

Functional responsibilities

• Perform daily and monthly bank reconciliations, ensuring accuracy and timely resolution of outstanding items.
• Process financial transactions, including payments, ensuring proper documentation and compliance with financial policies.
• Maintain, review, and analyze General Ledger and trial balance accounts, including system integrity checks and approved corrections.

Integrity

Passion and commitment

Customer service excellence

Transparency and accountability

Teamwork

Our Values

Academic

• Bachelor’s degree in a business-related field (Finance, Accounting, Commerce, or equivalent).

Professional Qualifications & Experience

• Professional qualification in Accounting & Finance (ACCA/CPA-K) from a recognized institution is an added advantage.
• Proficiency in Microsoft Office Suite

Desired Work Experience

• At least two years of relevant experience in finance.

Job Specification

Reporting Relationships: jobs that report to this position directly and indirectly

• Functional Reports None
• Administrative Reports None

Stakeholders: key stakeholders that the position holder will need to liaise/work with to be successful in this role.

• Internal All Staff
• External CBK

Assist in month-end closing activities, including preparation and review of balance sheet reconciliations and resolution of discrepancies.

Monitor and clear suspense accounts within approved timelines.

Track and validate foreign exchange transactions to ensure applied rates align with approved internal and published rates.

Review fixed asset records for correct classification, depreciation, and reconciliation to GL balances.

Analyze income and expense accounts to identify unusual transactions and support accurate financial reporting.

Prepare accounting schedules and reports as required.

Support Environmental, Social, and Governance (ESG) requirements by ensuring accurate financial data, and compliance with internal policies and regulations.

Perform any other duties as assigned by Management.

Ideal Job Competencies: Technical Competence

Planning Skills

Strong planning skills

Analytical Skills

Strong analytical and statistical skills

Analytical Skills Understands financial concepts and terms can use them to describe events and can incorporate the same in problem solving and decision-making.

Financial Acumen

Market analysis and business intelligence

Ideal Job Competencies: Behavioral Competence

Personal Skills

Honest, diligent, and trustworthy

Interpersonal skills

Collaborative, conflict management and resolution skills

Communication Skills

Good communication skills

Attitude

Have a positive attitude

Teamwork

Team working with the ability to work in a multicultural environment.

Decision Making Authority /Mandates/Constraints: the decisions the position holder is empowered to make (Indicate if it is Operational, Managerial or Strategic)

None

• Ensure an accurate and timely month-end close process by reviewing balance sheet reconciliations, including nostro accounts, troubleshooting issues, and following up on outstanding items in nostro accounts and the Bank General Ledger.
• Conduct General ledger review to confirm data accuracy.
• Assist in processing financial transactions, including payments, ensuring accuracy, compliance, and timely execution.
• Prepare daily, monthly, quarterly, and annual financial reports, ensuring accuracy and completeness.
• Assist in budgeting and forecasting processes to support financial planning and decision-making.
• Manage stakeholder relationships by ensuring timely escalation and resolution of issues related to risk, exposure, and process optimization to enhance partner satisfaction.
• Co-ordinate with various stakeholders to ensure adherence to processes.
• Enhance internal customer self-service and build internal customer relationships.
• Ensure adherence to financial policies, procedures, and regulatory requirements in all reconciliation and payment processes.
• Maintain accurate and up-to-date financial records to support audits and internal controls.
• Assist in monitoring General Ledger (GL) accounts and reconciliation processes to enhance accuracy, improve efficiency, and reduce operational risks.
• Perform daily and monthly bank reconciliations, ensuring accuracy and timely resolution of outstanding items.
• Process financial transactions, including payments, ensuring proper documentation and compliance with financial policies.
• Maintain, review, and analyze General Ledger and trial balance accounts, including system integrity checks and approved corrections.
• Assist in month-end closing activities, including preparation and review of balance sheet reconciliations and resolution of discrepancies.
• Monitor and clear suspense accounts within approved timelines.
• Track and validate foreign exchange transactions to ensure applied rates align with approved internal and published rates.
• Review fixed asset records for correct classification, depreciation, and reconciliation to GL balances.
• Analyze income and expense accounts to identify unusual transactions and support accurate financial reporting.
• Prepare accounting schedules and reports as required.
• Support Environmental, Social, and Governance (ESG) requirements by ensuring accurate financial data, and compliance with internal policies and regulations.
• Perform any other duties as assigned by Management.

• Strong planning skills
• Strong analytical and statistical skills
• Understands financial concepts and terms can use them to describe events and can incorporate the same in problem solving and decision-making.
• Market analysis and business intelligence
• Honest, diligent, and trustworthy
• Collaborative, conflict management and resolution skills
• Good communication skills
• Have a positive attitude
• Team working with the ability to work in a multicultural environment.
• Proficiency in Microsoft Office Suite

• Bachelor’s degree in a business-related field (Finance, Accounting, Commerce, or equivalent).
• Professional qualification in Accounting & Finance (ACCA/CPA-K) from a recognized institution is an added advantage.